XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.24.3

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Oct. 27, 2024
Fair Value Disclosures [Abstract] |
Fair Value, Assets And Liabilities Measured on Recurring Basis [Table Text Block] | The following tables present our financial assets and liabilities that are measured at fair value on a recurring basis as of October 27, 2024, and July 28, 2024, consistent with the fair value hierarchy:
| Fair Value as of October 27, 2024 |  | Fair Value Measurements at October 27, 2024 Using Fair Value Hierarchy |  | Fair Value as of July 28, 2024 |  | Fair Value Measurements at July 28, 2024 Using Fair Value Hierarchy
(Millions) | Level 1 |  | Level 2 |  | Level 3 |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts(1) | $ | 3 |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |
Commodity derivative contracts(2) | 3 |  |  | — |  |  | 1 |  |  | 2 |  |  | 6 |  |  | — |  |  | 1 |  |  | 5 |
Deferred compensation derivative contracts(3) | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |
Deferred compensation investments(4) | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |
Total assets at fair value | $ | 8 |  |  | $ | 1 |  |  | $ | 5 |  |  | $ | 2 |  |  | $ | 12 |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 5 |
| Fair Value as of October 27, 2024 |  | Fair Value Measurements at October 27, 2024 Using Fair Value Hierarchy |  | Fair Value as of July 28, 2024 |  | Fair Value Measurements at July 28, 2024 Using Fair Value Hierarchy
(Millions) |  | Level 1 |  | Level 2 |  | Level 3 |  |  | Level 1 |  | Level 2 |  | Level 3
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts(1) | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commodity derivative contracts(2) | 10 |  |  | 1 |  |  | 9 |  |  | — |  |  | 16 |  |  | 1 |  |  | 15 |  |  | — |
Deferred compensation obligation(4) | 108 |  |  | 108 |  |  | — |  |  | — |  |  | 101 |  |  | 101 |  |  | — |  |  | — |
Total liabilities at fair value | $ | 119 |  |  | $ | 109 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 117 |  |  | $ | 102 |  |  | $ | 15 |  |  | $ | — |
___________________________________ (1)Based on observable market transactions of spot currency rates and forward rates. (2)Level 1 and 2 are based on quoted futures exchanges and on observable prices of futures and options transactions in the marketplace. Level 3 is based on unobservable inputs in which there is little or no market data, which requires management’s own assumptions within an internally developed model. (3)Based on equity index swap rates. (4)Based on the fair value of the participants’ investments.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table] | The following table summarizes the changes in fair value of Level 3 assets and liabilities:
|  | Three Months Ended
(Millions) |  | October 27, 2024 |  | October 29, 2023
Fair value at beginning of year |  | $ | 5 |  |  | $ | 2 |
Gains (losses) |  | (1) |  |  | 2 |
Settlements |  | (2) |  |  | (2) |
Fair value at end of quarter |  | $ | 2 |  |  | $ | 2 |

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration